Financial Services Sector: Value Investing Analysis
About the Financial Services Sector
Companies that provide financial services include banks, savings and loans, asset management companies, credit services, investment brokerage firms, and insurance companies. Companies in this sector include Allianz, JPMorgan Chase, and Legg Mason.
The Financial Services sector groups related businesses that share similar economic characteristics, market dynamics, and competitive forces. By analyzing stocks within this sector, you can compare companies on a more level playing field—making it easier to identify which businesses offer the best value for your investment dollars.
Understanding sector performance helps you evaluate whether individual stocks are cheap or expensive relative to their peers. A P/E ratio that looks high in one sector might be a bargain in another. This context is essential for value investors seeking to calculate realistic expected returns.
Financial Services Stocks: Value Analysis
Below are the stocks we track in the Financial Services sector, with key value investing metrics. If you have special knowledge about this sector, you have an advantage—use these metrics to find stocks that may be trading below their intrinsic value.
| Company | Current Price | Current Price Discount 10 years |
|---|---|---|
| EPR Properties (EPR) |
$60.56 | none |
| Loews Corporation (L) |
$111.45 | none |
| FB Financial Corporation (FBK) |
$58.27 | none |
| LCNB Corp. (LCNB) |
$19.47 | none |
| Morningstar (MORN) |
$217.50 | none |
| Apartment Investment and Management Company (AIV) |
$2.60 | 90.5% |
| Easterly Government Properties (DEA) |
$24.96 | none |
| Valley National Bancorp (VLY) |
$14.10 | none |
| Brandywine Realty Trust (BDN) |
$3.18 | 74.9% |
| Independent Bank Corporation (IBCP) |
$36.96 | none |
| Extra Space Storage (EXR) |
$146.25 | none |
| RLI Corp. (RLI) |
$66.62 | none |
| State Street Corporation (STT) |
$190.92 | none |
| Associated Banc-Corp (ASB) |
$30.90 | none |
| ProAssurance Corporation (PRA) |
$25.00 | 4.4% |
| Camden Property Trust (CPT) |
$109.15 | none |
| FS Bancorp (FSBW) |
$42.94 | none |
| MFA Financial (MFA) |
$8.94 | none |
| Tiptree (TIPT) |
$18.54 | none |
| Annaly Capital Management (NLY) |
$23.25 | none |
| Flushing Financial Corporation (FFIC) |
$15.47 | none |
| Harleysville Group (HGIC) |
$0.00 | none |
| Redwood Trust (RWT) |
$4.76 | none |
| Markel Corporation (MKL) |
$1817.30 | none |
| United Tennessee Bankshares (UNTN) |
$30.50 | none |
| MicroStrategy Incorporated (MSTR) |
$122.63 | 14.7% |
| Kingstone Companies (KINS) |
$20.09 | none |
| VirnetX Holding Corp (VHC) |
$12.36 | none |
| NMI Holdings (NMIH) |
$45.47 | none |
| Transcontinental Realty Investors (TCI) |
$39.04 | none |
| Ventas (VTR) |
$93.47 | none |
| The Bank of Nova Scotia (BNS) |
$86.86 | none |
| Vornado Realty Trust (VNO) |
$38.87 | none |
| White Mountains Insurance Group, Ltd. (WTM) |
$2132.30 | none |
| Southside Bancshares (SBSI) |
$32.06 | none |
| Camden National Corporation (CAC) |
$56.88 | none |
| Realty Income Corporation (O) |
$63.17 | none |
| Orchid Island Capital (ORC) |
$6.75 | none |
| Lake Shore Bancorp (LSBK) |
$17.20 | none |
| Welltower (WELL) |
$240.01 | none |
| Ameriprise Financial (AMP) |
$561.13 | none |
| The St. Joe Company (JOE) |
$70.06 | none |
| Chemung Financial Corporation (CHMG) |
$82.58 | none |
| Raymond James Financial (RJF) |
$176.68 | none |
| Aon Plc (AON) |
$359.10 | none |
| Bar Harbor Bankshares (BHB) |
$39.62 | none |
| Union Bankshares (UNB) |
$23.71 | none |
| Sun Life Financial (SLF) |
$79.05 | none |
| Kearny Financial Corp. (KRNY) |
$9.82 | none |
| Evercore (EVR) |
$290.11 | none |
| National Bank Holdings Corporation (NBHC) |
$41.80 | none |
| Provident Financial Holdings (PROV) |
$18.26 | none |
| Affiliated Managers Group (AMG) |
$358.94 | none |
| Eagle Bancorp (EGBN) |
$28.11 | 23.4% |
| National Bankshares (NKSH) |
$41.34 | none |
| U.S. Bancorp (USB) |
$62.42 | none |
| American Financial Group (AFG) |
$144.44 | none |
| CVB Financial Corp. (CVBF) |
$22.44 | none |
(ALTE) |
$0.00 | none |
| Sun Communities (SUI) |
$123.43 | none |
| LendingClub Corporation (LC) |
$19.21 | none |
| Commerce Bancshares (CBSH) |
$58.63 | none |
| CB Financial Services (CBFV) |
$37.70 | none |
| State Street Corporation (STT ) |
$190.92 | none |
| First Financial Corporation (THFF) |
$79.61 | none |
| Horizon Bancorp (HBNC) |
$19.71 | none |
| Brixmor Property Group (BRX) |
$29.58 | none |
| Waterstone Financial (WSBF) |
$21.18 | none |
| Webster Financial Corporation (WBS) |
$77.57 | none |
| NexPoint Residential Trust (NXRT) |
$24.70 | none |
| National Australia Bank Limited (NABZY) |
$13.52 | none |
| Seacoast Banking Corporation of Florida (SBCF) |
$34.34 | none |
| 360 DigiTech (QFIN) |
$10.99 | none |
| UMH Properties (UMH) |
$16.62 | none |
| American Tower Corporation (REIT) (AMT) |
$178.39 | none |
| Encore Capital Group (ECPG) |
$103.16 | none |
| Meta Financial Group (CASH) |
$82.99 | none |
(BPO) |
$0.00 | none |
| Ares Management Corporation (ARES) |
$140.01 | none |
| Intercontinental Exchange (ICE) |
$162.99 | none |
| Wintrust Financial Corporation (WTFC) |
$151.99 | none |
| Hannon Armstrong Sustainable Infrastructure Capital (HASI) |
$39.47 | none |
| LPL Financial Holdings (LPLA) |
$364.18 | none |
| Community West Bancshares (CWBC) |
$26.01 | none |
| Pacific Financial Corporation (PFLC) |
$18.63 | none |
| Northern Trust Corporation (NTRS) |
$186.66 | none |
| Public Storage (PSA) |
$324.97 | none |
| Ryman Hospitality Properties (RHP) |
$131.13 | none |
| Selective Insurance Group (SIGI) |
$92.65 | none |
| United Bancshares (UBOH) |
$39.00 | none |
| Invesco Ltd. (IVZ) |
$32.45 | 9.7% |
| Equinix, Inc. (REIT) (EQIX) |
$1055.20 | none |
| CorVel Corporation (CRVL) |
$71.23 | none |
| OceanFirst Financial Corp. (OCFC) |
$18.94 | none |
| CIT Group (CIT) |
$0.00 | none |
| AGNC Investment Corp. (AGNC) |
$10.98 | 48.1% |
| Truist Financial Corporation (TFC) |
$50.81 | none |
| Chubb Limited (CB) |
$345.83 | none |
| United States Natural Gas Fund, LP (UNG) |
$10.15 | none |
| Independence Realty Trust (IRT) |
$16.88 | none |
| Nasdaq (NDAQ) |
$98.79 | none |
| Four Corners Property Trust (FCPT) |
$25.50 | none |
| German American Bancorp (GABC) |
$50.07 | none |
| SB Financial Group (SBFG) |
$27.86 | none |
| Blackstone Mortgage Trust (BXMT) |
$14.12 | none |
| Gaming and Leisure Properties (GLPI) |
$43.93 | none |
| The Allstate Corporation (ALL) |
$260.19 | none |
| eHealth (EHTH) |
$1.23 | none |
| KKR & Co. (KKR) |
$107.32 | none |
| City Holding Company (CHCO) |
$144.93 | none |
| Central Pacific Financial Corp. (CPF) |
$37.75 | none |
| Equity LifeStyle Properties (ELS) |
$65.74 | none |
| Westwood Holdings Group (WHG) |
$19.18 | 51.1% |
| Republic Bancorp (RBCAA) |
$94.98 | none |
| BOK Financial Corporation (BOKF) |
$140.46 | none |
| Ashford Hospitality Trust (AHT) |
$3.33 | none |
| High Sierra Technologies (HSTI) |
$1.40 | none |
| Synchrony Financial (SYF) |
$80.02 | none |
| American International Group (AIG) |
$77.38 | none |
| Oxbridge Re Holdings Limited (OXBR) |
$1.28 | none |
| Houlihan Lokey (HLI) |
$128.95 | none |
| Hilltop Holdings (HTH) |
$38.67 | none |
| Bankwell Financial Group (BWFG) |
$66.51 | none |
| Crown Castle International Corp. (REIT) (CCI) |
$76.40 | none |
| Cboe Global Markets (CBOE) |
$308.09 | none |
| Retail Opportunity Investments Corp. (ROIC) |
$0.00 | none |
| CCSB Financial Corp. (CCFC) |
$0.00 | none |
| WisdomTree Continuous Commodity Index Fund (GCC) |
$26.24 | none |
| Artisan Partners Asset Management (APAM) |
$42.98 | none |
| ACNB Corporation (ACNB) |
$64.44 | none |
| Carver Bancorp (CARV) |
$1.81 | 66.1% |
| Investors Title Company (ITIC) |
$297.63 | none |
| First Interstate BancSystem (FIBK) |
$37.24 | none |
| Fifth Third Bancorp (FITBI) |
$25.69 | none |
| Park National Corporation (PRK) |
$203.46 | none |
| Community Trust Bancorp (CTBI) |
$76.65 | none |
| PennyMac Mortgage Investment Trust (PMT) |
$9.29 | none |
| Sabra Health Care REIT (SBRA) |
$20.47 | none |
| Popular (BPOP) |
$168.43 | none |
| Apollo Commercial Real Estate Finance (ARI) |
$6.89 | 50.5% |
| First Robinson Financial Corporation (FRFC) |
$71.00 | none |
| Equity Bancshares (EQBK) |
$50.00 | none |
| DDR Corp. (DDR) |
$0.00 | none |
| Heritage Insurance Holdings (HRTG) |
$34.59 | none |
| CareTrust REIT (CTRE) |
$39.65 | none |
| Gladstone Land Corporation (LAND) |
$8.83 | none |
(SCBT) |
$0.00 | none |
| Whitestone REIT (WSR) |
$18.99 | none |
| Industrial Logistics Properties Trust (ILPT) |
$8.42 | none |
| Boston Properties (BXP) |
$69.99 | none |
| Shore Bancshares (SHBI) |
$23.23 | none |
| Ares Commercial Real Estate Corporation (ACRE) |
$4.73 | 45.9% |
| The9 Limited (NCTY) |
$5.57 | none |
| Euronet Worldwide (EEFT) |
$70.20 | none |
| Principal Financial Group (PFG) |
$111.89 | 1.8% |
| Ames National Corporation (ATLO) |
$31.85 | none |
| United Bancorp (UBCP) |
$15.48 | none |
| Unity Bancorp (UNTY) |
$59.34 | none |
| Voya Financial (VOYA) |
$99.14 | none |
| Eagle Financial Services (EFSI) |
$41.96 | none |
| BankFinancial Corporation (BFIN) |
$12.00 | none |
| UDR (UDR) |
$38.39 | none |
| DigitalBridge Group (DBRG) |
$15.98 | none |
| Omega Healthcare Investors (OHI ) |
$46.59 | none |
| New York REIT (NYRT) |
$0.00 | none |
| CCUR Holdings (CCUR) |
$2310.00 | none |
| Network-1 Technologies (NTIP) |
$1.56 | none |
| Live Oak Bancshares (LOB) |
$40.30 | none |
| Stock Yards Bancorp (SYBT) |
$81.80 | none |
| Consumer Portfolio Services (CPSS) |
$9.16 | 72.6% |
| Arbor Realty Trust (ABR) |
$5.25 | 2.4% |
| Outfront Media (OUT) |
$30.42 | none |
| National Western Life Group (NWLI) |
$0.00 | 64.4% |
| Home Federal Bancorp, Inc. of Louisiana (HFBL) |
$26.83 | none |
| Newtek Business Services Corp. (NEWT) |
$12.37 | none |
| Rayonier (RYN) |
$21.22 | none |
| First Financial Bankshares (FFIN) |
$33.96 | none |
| Banc of California (BANC) |
$18.65 | none |
| BlackRock (BLK) |
$1172.61 | none |
| WVS Financial Corp. (WVFC) |
$19.09 | none |
| AvalonBay Communities (AVB) |
$184.06 | none |
| American Equity Investment Life Holding Company (AEL) |
$0.00 | 19.1% |
| Sierra Bancorp (BSRR) |
$39.65 | none |
| Great Ajax Corp. (AJX) |
$0.00 | none |
| Summit Financial Group (SMMF) |
$0.00 | none |
| First Busey Corporation (BUSE) |
$30.29 | none |
| Healthpeak Properties (PEAK) |
$0.00 | none |
| Cathay General Bancorp (CATY) |
$62.33 | none |
| BancFirst Corporation (BANF) |
$112.53 | none |
| SBA Communications Corporation (SBAC) |
$185.07 | none |
| Origen Financial (ORGN) |
$0.95 | none |
| Wheeler Real Estate Investment Trust (WHLR) |
$0.37 | none |
| United Fire Group (UFCS) |
$53.93 | none |
| Global Net Lease (GNL) |
$9.22 | none |
| Urstadt Biddle Properties (UBA) |
$0.00 | none |
| American National Bankshares (AMNB) |
$0.00 | none |
| Trustmark Corporation (TRMK) |
$46.47 | none |
| Annaly Capital Management (NLY ) |
$22.72 | 27.2% |
| Apple Hospitality REIT (APLE) |
$16.51 | none |
| Usio (USIO) |
$2.13 | none |
(SRCE ) |
$89.74 | none |
| Fairfax Financial Holdings Limited (FRFHF) |
$1668.65 | none |
| Bank OZK (OZK) |
$51.30 | none |
| Oconee Financial Corporation (OSBK) |
$52.25 | none |
| VelocityShares Daily 2x VIX Short-Term ETN (TVIX) |
$112.36 | none |
| Franklin Resources (BEN) |
$32.39 | 18.8% |
| Old National Bancorp (ONB) |
$26.64 | none |
| Ameris Bancorp (ABCB) |
$87.83 | none |
| Green Dot Corporation (GDOT) |
$13.11 | 34.0% |
| QCR Holdings (QCRH) |
$102.95 | none |
| ConnectOne Bancorp (CNOB) |
$32.94 | none |
| Lexington Realty Trust (LXP) |
$60.53 | none |
| HSBC Holdings plc (HSBC) |
$106.42 | none |
| Invesco Mortgage Capital (IVR) |
$7.41 | 56.9% |
| Summit Hotel Properties (INN) |
$6.88 | none |
| The PNC Financial Services Group (PNC) |
$248.49 | none |
| Noah Holdings Limited (NOAH) |
$8.45 | none |
| Capital City Bank Group (CCBG) |
$52.30 | none |
| Capital One Financial Corporation (COF) |
$208.71 | none |
| The Charles Schwab Corporation (SCHW) |
$104.47 | none |
| Credit Acceptance Corporation (CACC) |
$587.85 | none |
| Bank of Marin Bancorp (BMRC) |
$29.50 | none |
| KeyCorp (KEY) |
$22.18 | none |
| SLM Corporation (SLM) |
$25.69 | none |
| American Express Company (AXP) |
$331.50 | none |
| Citigroup (C) |
$127.13 | 19.1% |
| Cigna Corporation (CI) |
$296.47 | none |
| Equity Residential (EQR) |
$68.85 | none |
| The Goldman Sachs Group (GS) |
$980.75 | none |
| American Assets Trust (AAT) |
$23.72 | none |
| M&T Bank Corporation (MTB) |
$250.33 | none |
| The Progressive Corporation (PGR) |
$219.99 | none |
| Iron Mountain Incorporated (IRM) |
$120.75 | none |
| Agree Realty Corporation (ADC) |
$80.39 | none |
| Simon Property Group (SPG) |
$235.61 | none |
| Regions Financial Corporation (RF) |
$30.94 | none |
| Community Bank System (CBU) |
$66.10 | none |
| California First National Bancorp (CFNB) |
$33.95 | none |
| ARMOUR Residential REIT (ARR) |
$16.36 | none |
| The Hartford Financial Services Group (HIG) |
$145.68 | none |
| JPMorgan Chase & Co. (JPM) |
$344.71 | none |
| Discover Financial Services (DFS) |
$0.00 | none |
| Prudential Financial (PRU) |
$122.63 | 57.3% |
| MetLife (MET) |
$97.02 | 13.3% |
| Prologis (PLD) |
$145.47 | none |
| Kimco Realty Corporation (KIM) |
$26.01 | none |
| Arlington Asset Investment Corp. (AI) |
$8.85 | none |
| Genworth Financial (GNW) |
$10.08 | 72.5% |
| UnitedHealth Group Incorporated (UNH) |
$420.57 | none |
| Wells Fargo & Company (WFC) |
$83.87 | none |
| Unum Group (UNM) |
$83.63 | none |
| Morgan Stanley (MS) |
$203.13 | none |
| T. Rowe Price Group (TROW) |
$118.87 | none |
| Riverview Bancorp (RVSB) |
$5.29 | none |
| Saul Centers (BFS) |
$34.32 | none |
| CME Group (CME) |
$265.44 | none |
| Cincinnati Financial Corporation (CINF) |
$181.33 | none |
| BB&T Corporation (BBT) |
$29.84 | 34.8% |
| Fifth Third Bancorp (FITB) |
$56.57 | none |
| Arrow Financial Corporation (AROW) |
$40.05 | none |
How to Invest in Financial Services Stocks
Sector-Specific Considerations
When evaluating Financial Services companies, consider these key factors:
- Sector fundamentals: Is this sector growing, mature, or declining? Growth prospects affect reasonable earnings forecasts.
- Economic sensitivity: How does this sector perform in different economic conditions? Understanding cyclicality helps you time purchases.
- Competitive dynamics: Are barriers to entry high or low? Strong moats protect profits and justify premium valuations.
- Regulatory environment: Does government policy significantly impact this sector? Regulatory changes can create risks or opportunities.
- Capital intensity: Does the business require heavy capital investment? Capital-light businesses often generate better returns.
✓ Sector Analysis Checklist
- Compare P/E ratios within the sector
- Look for strong free cash flow generation
- Assess debt levels relative to peers
- Evaluate dividend sustainability
- Check management track record
- Calculate margin of safety
Common Sector Pitfalls
- Chasing last year's hot sector
- Ignoring sector-wide headwinds
- Overpaying for market leaders
- Neglecting competitive threats
- Failing to diversify across sectors
- Not understanding the business model